U.S. June industrial production rises 0.8%

WASHINGTON (MarketWatch) - Capping the strongest quarterly growth in 6 years, U.S. industrial output surged 0.8% in June, boosted by strong output at factories, mines and utilities, the Federal Reserve said Monday. Capacity utilization rose to 82.4%, the highest level in six years, the Fed said. Manufacturing and utility output each rose 0.7% in June, while the output of mines rose 1.2%. For the second quarter, industrial production increased at a 6.6% annual rate, the most since the fourth quarter of 1999. Economists were looking for a gain in output of about 0.5% in June. Capacity utilization was expected to rise to 81.9%.

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